SoFi's revenue surged to $1.2 billion in the second quarter of 2026, marking a 43% increase compared to last year. The fintech giant reported net income climbing 61% to over $156 million, with adjusted EBITDA rising 44% to nearly $358 million. Earnings per share reached $0.12, underscoring solid profitability amid ongoing market uncertainty.
Membership Growth and Product Expansion Fuel Momentum
The company expanded its member base by 35% year-over-year, reaching 15.8 million, fueled by 1.1 million new members added in Q2 alone. Total products across users jumped 42% to approximately 24 million, driven by a record 2.2 million new product additions. SoFi’s CEO Anthony Noto highlighted that products per member hit a new peak, reflecting deeper customer engagement through offerings like SoFi Plus and SoFi Coach. This cross-selling push is boosting lifetime value and strengthening customer loyalty.
Lending and Crypto Businesses Drive Growth
Lending volumes continued to soar with quarterly originations hitting $14.8 billion across personal, student, and home loans. Deposits increased to $45.5 billion, enhancing the company’s funding base and reducing financing costs. SoFi's growing crypto segment also showed strength; SoFi Crypto products surpassed 388,000, aided by the launch of SoFiUSD, a stablecoin integrated directly into the app for buying, selling, holding, and conversions. The company started using SoFiUSD to settle trades within its trading business, signaling deeper crypto adoption. also SoFi unveiled Big Business Banking a regulated platform blending fiat and crypto banking services for institutional clients.
Nexo’s recent moves to comply with European crypto regulations reflect the broader trend of fintech firms embracing crypto innovation within regulated frameworks.
This content is for informational purposes only and does not constitute financial advice.
